Banks' op risk losses dropped in 2014, survey finds
Operational risk losses at the world's largest banks fell sharply in 2014 – but capital levels still rose, according to research by OpRisk magazine, part of Risk.net
The world's largest banks sustained substantially lower operational risk losses in 2014 than in 2013, according to research carried out by Operational Risk & Regulation magazine, but the importance of operational risk in determining capital levels nevertheless rose year on year.
The survey drew on data collected by OpRisk and provided by business information specialist SAS. The largest 100 banks in 2014 reported a total of $70 billion in operational risk losses – the result of 351 separate loss
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